6/4 Our Broken Price System w/ David Dayen

June 4, 2024

It’s News Day Tuesday! But first, Sam and Emma speak with David Dayen, executive editor at The American Prospect, to discuss some of his recent writing and reporting on pricing. First, Sam and Emma run through updates on Israel sinking any ceasefire negotiations, Indian elections, the Epoch Times’ money laundering operation, ProPublica report on Trump’s “bonuses” sent to potential witnesses, Biden’s new outrageous (and illegal) asylum policy, the anti-progressive and inept NY State Democratic Party, primaries, wage inequality, and landlord price fixing, also diving into the outrageous attacks on Jamaal Bowman from New York’s AIPAC “Democrats.” David Dayen then joins, diving right into The American Prospect’s ongoing project on the reality of pricing in the US, with recent reports (and a lawsuit) exposing the major role of price fixing in the US economy, exploring how the consolidation of market power, technological (and more-specifically algorithmic) developments, and the various economic and social crisis of COVID-19 have allowed corporations to develop myriad ways to use individual variables (from habits to current phone life) to maximize their revenue in individual sales. After briefly touching on the existing federal statutes around price discrimination, and the major role algorithms and technological evolution play in obfuscating the decision-making process around pricing, Dayen parses through the ongoing fight within the Biden Administration over this issue of financial discrimination, including the advancement of various lawsuits. Wrapping up, David tackles why any potential legislative or administrative developments remain in a precarious position with a possible Trump Administration 2.0, and Sam and Emma look to the GOP’s ongoing attempt to reshape the narrative around Trump’s conviction.

And in the Fun Half: Sam and Emma watch Anthony Fauci completely pull the football out from under countless attempted “gotchas” from the GOP, Ian from Florida talks coffee and voting, and Clint from Washington dives into inter-generational politics. Dave Rubin attempts to convince Russell Brand that he’s one of those bad-ass anti-vaxxers and himself that he’s not afraid of Sam, Ronald Raygun has an idea to bring a little more “party” to the forefront of Majority Report’s “all-business” style, and Donald Trump muses about climate change, nuclear proliferation, and how he’ll top Biden’s border fascism. Tim Pool continues to struggle with his fascist guests who keep endorsing violence, plus, your calls and IMs!

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